iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-high trading volume on Wednesday . Approximately 83,497 shares were traded during trading, a decline of 28% from the previous session’s volume of 116,277 shares.The stock last traded at $95.8290 and had previously closed at $95.39.

iShares Asia 50 ETF Trading Up 0.7%

The firm has a market cap of $1.42 billion, a PE ratio of 13.81 and a beta of 0.70. The firm has a 50 day moving average price of $96.45 and a 200-day moving average price of $89.69.

iShares Asia 50 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6251 per share. This represents a dividend yield of 352.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares Asia 50 ETF

Institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new stake in iShares Asia 50 ETF during the third quarter worth approximately $5,217,000. Stratos Wealth Partners LTD. purchased a new position in shares of iShares Asia 50 ETF in the 3rd quarter valued at $4,518,000. EWG Elevate Inc. acquired a new stake in iShares Asia 50 ETF during the 2nd quarter worth $3,850,000. Bank of America Corp DE raised its stake in iShares Asia 50 ETF by 274.1% during the 3rd quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock worth $4,708,000 after acquiring an additional 36,462 shares in the last quarter. Finally, Objectivity Squared LLC lifted its position in iShares Asia 50 ETF by 285.9% in the third quarter. Objectivity Squared LLC now owns 23,802 shares of the company’s stock valued at $2,252,000 after acquiring an additional 17,634 shares during the last quarter.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.